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Daily Dispatches
Treasure hunter jailed for 10 years for hiding gold coins finally scores legal win
Submitted by admin on Wed, 2025-02-05 15:10 Section: Daily DispatchesFrom CBS News, New York
Tuesday, February 4, 2025
A former deep-sea treasure hunter who has served nearly a decade in jail for refusing to disclose the whereabouts of missing gold coins has had that term ended by a federal judge in Ohio, but he will remain behind bars for now.
Gold delayed at Bank of England sells at discount to market price
Submitted by admin on Wed, 2025-02-05 14:24 Section: Daily DispatchesGold Dealers Sell Bank of England Bullion at Big Discounts in Tariff Turmoil
Yvonne Yue Li, Jack Ryan, Jack Farchy, and Sybilla Gross
Bloomberg News
via Yahoo News, Sunnyvale, California
Wednesday, February 5, 2025
Gold in the Bank of England vault is trading at a discount to the wider market, as fears over potential Trump tariffs spark a scramble for bullion that’s resulting in weeks-long queues to withdraw metal.
Stuart Englert: Is America really entering a golden age?
Submitted by admin on Wed, 2025-02-05 11:22 Section: Daily DispatchesBy Stuart Englert
Wednesday, February 5, 2025
References to the coming "golden age" keep popping up in presidential speeches and political posts, prompting some gold enthusiasts to wonder whether the mentions are symbolically meaningful or figurative hyperbole.
"This will truly be the golden age of America," President Donald Trump declared during his Election Night victory celebration in West Palm Beach, Fla., on Nov. 5.
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U.S. gold rush drives up borrowing costs for precious metal in London
Submitted by admin on Wed, 2025-02-05 08:48 Section: Daily DispatchesBy Leslie Hook
Financial Times, London
Wednesday, February 5, 2025
The cost of short-term gold borrowing in London has shot up as the shortage in the bullion world's trading capital has starved the market of the precious metal.
A gold rush into the United States -- where inventories on the New York Comex have risen 88% since November's election -- has drained the market in London, as traders try to get ahead of potential tariffs threatened by President Donald Trump. Users report bottlenecks of several weeks to withdraw gold from the vaults at the Bank of England.
Please help GATA financially and get a 1-ounce silver round commemorating our work
Submitted by admin on Tue, 2025-02-04 22:44 Section: Daily Dispatches10:45p ET Tuesday, February 4, 2025
Dear Friend of GATA and Gold:
Longstanding Western central bank policy of monetary metals price suppression has never been more vulnerable than it is today.
Governments and central banks around the world have been defecting from the policy this year, accumulating gold and silver instead of lending them.
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Kevin Bambrough: The silver squeeze, market manipulation, and the coming storm
Submitted by admin on Mon, 2025-02-03 20:22 Section: Daily Dispatches8:23p ET Monday, February 3, 2024
Dear Friend of GATA and Gold:
Retired Sprott executive Kevin Bambrough yesterday recounted how bullion banks long have made a habit of selling metal they don't really possess.
His story begins:
"During my tenure at Sprott (2002-2013), we had accumulated a significant position in silver in the 2005-2007 period. This was done via top-tier bullion bank certificates that promised five-day delivery. These weren't small positions. We're talking about substantial tonnage that was supposedly safely stored and readily available.
Craig Hemke: The second London gold pool is breaking down, just as the first one did
Submitted by admin on Mon, 2025-02-03 20:05 Section: Daily Dispatches8:04p ET Monday, February 3, 2024
Dear Friend of GATA and Gold:
Writing tonight at Sprott Money, the TF Metals Report's Craig Hemke says he doesn't believe that the turmoil in the London gold market has much to do with the threat of U.S. tariffs against Canada, Mexico, and China. Rather, Hemke writes, it's more likely that the second iteration of the London Gold Pool is running out of gold, just as the first iteration did.
Hemke's analysis is headlined "On Tariffs and Gold Prices" and it's posted at Sprott Money here:
Larry Lepard's 'The Big Print' says fix the money to fix the world
Submitted by admin on Mon, 2025-02-03 19:08 Section: Daily Dispatches7:07p ET Monday, February 3, 2025
Dear Friend of GATA and Gold:
Gold- and bitcoin-friendly fund manager Lawrence Lepard's new book, "The Big Print," has just been published, arguing that fixing the world requires fixing what it uses for money.
The introduction to the book at Amazon.com is appended with a link to the Amazon page where it may be purchased in hardcover, paperback or Kindle versions.
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Clint Siegner: Will the Fed's waste and abuse finally get some attention too?
Submitted by admin on Mon, 2025-02-03 18:24 Section: Daily DispatchesBy Clint Siegner
Money Metals Exchange
Monday, February 3, 2025
Americans last week got an eyeful of the waste and fraud that has been rampant in federal spending.
A barrage of announcements by the Trump administration included putting the brakes on a $50 million program to buy and supply condoms to people in Gaza.
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USA Gold: Coins and Bullion Since 1973
Banks fly bullion from Asian hubs to U.S. to benefit from premium
Submitted by admin on Mon, 2025-02-03 17:43 Section: Daily DispatchesBy Rajendra Jadhav
Reuters
Monday, February 3, 2025
MUMBAI -- Global bullion banks are flying gold into the United States from trading hubs catering to Asian consumers, including Dubai and Hong Kong, to capitalize on the unusually high premium that U.S. gold futures are enjoying over spot prices.
Traditionally, bullion banks transport gold eastward from the West to meet demand from China and India, the world's two largest consumers, accounting for almost half of global consumption.
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